Estonian ultracapacitor producer Skeleton opens a factory in Germany

The Estonian ultracapacitor manufacturing startup, Skeleton, has opened a new production line in Saxony, Germany, that is, according to the company, capable of producing up to four million ultracapacitor cells a year.

Skeleton said in a statement the facility was the largest in Europe and will help it enhance its production capacity.

“The expansion is expected to support over 50 new jobs at the facility by 2019 and is the result of a €6.2 million investment by Skeleton Technologies, supported by federal and state funds from the program for the promotion of the joint task to improve the regional economic structure,” the company said.

Ultracapacitors are a technology used for fast energy storage. Capable of rapid charging in a matter of seconds and able to provide over a million charge/discharge cycles, they offer benefits in industries where reliable, instant power is a necessity. This is in contrast to more traditional batteries which are used for slow energy storage due to much longer charging times and lower life cycles, Skeleton added.

The company recently received a €15 million funding from the European Investment Bank under the European Growth Finance Facility programme aimed at helping it become a full energy storage systems provider, providing customers with an end-to-end hybrid energy solution.

Sten Hankewitz is a lifelong journalist and Deputy Editor of Estonian World. Having lived in Estonia, Spain and the UK, he now resides in the United States. He loves to write and besides contributing to Estonian World and some occasional blogging, he writes for other media outlets in Estonia, Israel and elsewhere. He has strong convictions and he shows them unashamedly. You can follow him on Twitter, friend him on Facebook or check out his personal blog. You can write to Sten at sten@estonianworld.com.